SUPPLEMENTAL CASH FLOW INFORMATION

3 Months Ended

Oct. 31, 2017

Supplemental Cash Flow Elements [Abstract]

Cash Flow, Supplemental Disclosures [Text Block]

NOTE 14: SUPPLEMENTAL CASH FLOW INFORMATION

During the three months ended October 31, 2017 and 2016, we issued 124,469 and 166,926 restricted shares with a fair value of $192,403 and $175,908, respectively, for consulting services.

During the three months ended October 31, 2017 and 2016, we issued 192,657 and 292,957 shares with a fair value of $274,801 and $291,770, respectively, as compensation to certain management, employees and consultants of the Company under the Stock Incentive Plan.

During the three months ended October 31, 2017, we issued 398,839 shares with a fair value of $510,528 as settlement of share issuance obligations of $638,142 relating to the Fiscal 2017 share bonuses made by the Company under the Stock Incentive Plan.

During the three months ended October 31, 2017 and 2016, we paid $408,889 and $408,889, respectively, in cash for interest on the long-term debt.

During the three months ended October 31, 2017 and 2016, we issued 104,706 and 88,822 restricted shares with a fair value of $141,678 and $91,488, respectively, as settlement of certain of the Company’s accounts payable.

During the three months ended October 31, 2017 and 2016, we issued 46,134 and 46,800 restricted shares with a fair value of $61,820 and $48,672, respectively, as an advance royalty payment for the Workman Creek Project.

During the three months ended October 31, 2017, we issued 14,634,748 restricted shares and paid $909,930 in cash as consideration to acquire the Reno Creek Project. In addition, we issued 353,160 restricted shares as payment of the Reimbursable Expenses totalling $483,829, and issued 217,702 restricted shares with a fair value of $283,012 as payment of certain transaction costs.